First Financial Holding Co Sustainability Profile
First Financial Holding Co., Ltd., commonly referred to as First Financial, is a prominent financial services provider headquartered in Taipei, Taiwan (TW). Established in 2002, the company has rapidly evolved to become a key player in the financial industry, offering a diverse range of services across banking, insurance, and investment sectors. With a strong presence in Taiwan and significant operations in Asia, First Financial is renowned for its innovative financial solutions tailored to meet the needs of both individual and corporate clients. The company’s core offerings include retail banking, wealth management, and insurance products, distinguished by their customer-centric approach and advanced technology integration. First Financial has achieved notable milestones, including recognition for its robust financial performance and commitment to sustainable practices, solidifying its position as a trusted leader in the financial market.
DitchCarbon Score
How does First Financial Holding Co's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
First Financial Holding Co's score of 56 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Financial Holding Co's reported carbon emissions
In 2024, First Financial Holding Co. (FFHC) reported total carbon emissions of approximately 19,430,000 kg CO2e, with Scope 1 emissions at about 2,829,000 kg CO2e, Scope 2 emissions at approximately 15,580,000 kg CO2e, and significant Scope 3 emissions from investments amounting to about 14,333,285,000 kg CO2e. In 2023, the total emissions were slightly lower at about 19,240,000 kg CO2e, with Scope 1 at approximately 2,809,000 kg CO2e, Scope 2 at around 16,431,000 kg CO2e, and Scope 3 investments at about 12,878,864,000 kg CO2e. FFHC has set ambitious carbon reduction targets, aiming for a 50% reduction in carbon emissions from a 2005 baseline by 2050 for both Scope 1 and Scope 2 emissions. Additionally, the company targets a 20% reduction by 2030 from the same baseline. These targets are aligned with the Science Based Targets initiative (SBTi), which has committed FFHC to achieving net-zero emissions across all scopes by 2050. The company’s portfolio targets cover 17% of its total investment and lending by total assets as of 2022, with required activities making up 18% and optional activities 49%. FFHC's commitment to sustainability is further demonstrated through its participation in initiatives aimed at reducing greenhouse gas emissions in line with the 1.5°C climate goal. Overall, FFHC is actively working towards significant emissions reductions while maintaining transparency in its reporting and commitments.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,479,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,718,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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First Financial Holding Co's Scope 3 Categories Breakdown
First Financial Holding Co's Scope 3 emissions, which decreased by 7% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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First Financial Holding Co's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
First Financial Holding Co has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
